Sinda Ltd. (NYSE:SIND) Receives Average Rating of “Buy” from Analysts

Shares of Sinda Ltd. (NYSE:SIND) have been assigned an average rating of “Buy” from the five ratings firms that are currently covering the firm, Marketbeat Ratings reports. Five research analysts have rated the stock with a buy recommendation. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $18.20.

A number of brokerages have recently issued reports on SIND. Royal Bank Of Canada began coverage on shares of Sinda in a research note on Tuesday. They set an “outperform” rating and a $19.00 target price for the company. Citigroup assumed coverage on shares of Sinda in a report on Tuesday. They issued a “buy” rating and a $18.00 target price for the company. Scotiabank started coverage on Sinda in a research note on Tuesday, July 21st. They set a “sector outperform” rating and a $19.00 price target on the stock. UBS Group set a $19.00 target price on Sinda in a research report on Tuesday. Finally, BMO Capital Markets initiated coverage on Sinda in a research report on Tuesday. They set an “outperform” rating and a $16.00 price target on the stock.

Sinda Trading Down 3.2%

Shares of NYSE SIND opened at $13.94 on Tuesday. Sinda has a 1 year low of $10.80 and a 1 year high of $15.00.

Sinda Company Profile

We hold title to, or have exploration and exploitation rights on, five contiguous mining concessions covering a large-scale, high-grade, silver-gold greenfield discovery located in the historic Guanajuato epithermal silver belt of Mexico (the “Sinda Property” or the “Project”). The Sinda Property is a large primary silver asset that we believe has the potential to be a globally significant mining operation. The Sinda Property is located approximately 22 miles (35 kilometers) from the colonial city of San Miguel de Allende in the Mexican state of Guanajuato, approximately 180 miles (290 kilometers) northwest of Mexico City and 28 miles (45 kilometers) southeast of the Guanajuato Mining District, in close proximity to several of the world’s largest and historically most productive silver deposits and mines.